Eurozone Preliminary GDP expands 0.1% QoQ in Q1, as expected

According to the preliminary release published by Eurostat on Tuesday, the Eurozone economy expanded by 0.1% in the quarter in the three months to March of 2023, meeting the 0.1% expected clip and at the same pace registered in the fourth quarter of 2022.  

On an annualized basis, the bloc’s GDP rate grew by 1.3% in Q4 vs. 1.3% booked in Q4 2022 while meeting 1.3% expectations.

The old continent’s Preliminary Employment Change data came in at 0.6% and 1.7% on a quarterly and yearly basis respectively.

more to come ...